India’s discovery of abundant lithium reserves set to revolutionize green energy and transform EV manufacturing

India has made a groundbreaking discovery of its second lithium reserve in Rajasthan’s Degana town, which is expected to significantly reduce the country’s dependence on China for manufacturing mobile phones, laptops, and electric vehicles (EVs). Experts and mining officials are thrilled about the potential of this discovery, which could help India become self-sufficient in green energy and reduce its reliance on expensive foreign supplies.

Lithium, also known as “White Gold,” is an essential component of batteries used in battery-powered devices. As the world shifts towards green energy, lithium has become a sought-after asset for countries. The global demand for lithium is expected to increase by 500% by 2050, making it a highly valuable commodity in the market. India’s dependence on China for lithium imports has been a cause for concern, with more than Rs.3,500 crore worth of lithium being imported from China in the year 2020-21 alone.

The newly discovered lithium deposit in Rajasthan is expected to change India’s fortunes. The capacity of lithium reserves found in Rajasthan is higher than the reserves discovered in Jammu and Kashmir earlier this year. Experts believe that around 80% of India’s total demand for lithium can be met from Rajasthan’s deposit. This means that India can significantly reduce its dependence on China for lithium and become self-sufficient in green energy.

The discovery of the lithium reserve is excellent news for the common man in India. It is expected to help India become the number one automobile manufacturer in the world in the EV segment. India’s plan to increase EV penetration by 30% by 2030 relies heavily on lithium. As of now, only a little more than 1% of all vehicle sales in the country are electric vehicles. The availability of lithium reserves in Rajasthan could help drive down the cost of manufacturing EVs, making them more affordable for the common man.

Moreover, the use of lithium batteries in EVs is a significant step towards reducing air pollution and making the environment cleaner. With the new reserve found in Rajasthan, India can produce EVs at a more massive scale, contributing to a cleaner environment. The discovery of the reserve also has the potential to boost India’s economy by creating job opportunities and driving technological innovation.

Overall, the discovery of the lithium reserve in Rajasthan is a significant milestone for India’s journey towards self-sufficiency in green energy and reducing its dependence on imports from China. The availability of lithium reserves in the country will bring down the cost of manufacturing EVs and make them more affordable for the common man. It will also help create job opportunities and contribute to a cleaner environment, making it a win-win situation for the common man in India.